Navan Secures $300 Million Series G Funding Led By Coatue At $9.2 Billion Valuation

Palo Alto-based Navan, an all-in-one travel, corporate card, and expense management platform, has raised $300 million in Series G funding at a $9.2 billion post-money valuation. The round includes $154 million in equity from new and existing investors and $150 million in structured capital led by Coatue. CEO and co-founder Ariel Cohen said the funding will help accelerate Navan’s global expansion as it continues to scale its unified travel and expense management platform. The company, which now employs over 2,500 people across nearly 60 offices, has recently expanded into Europe and strengthened its offerings through acquisitions of Reed & Mackay, Comtravo, and Resia.

INVESTOR: Coatue

ROUND: Series G AMOUNT: $300,000,000 VALUATION: $9,200,000,000

HQ: #PaloAlto #California

#VentureCapital #Navan #Coatue #ArielCohen #TradedVC